Meeting South Africa’s infrastructure goals will require a significant increase in public-sector investment to at least 10% of GDP by 2030, coupled with using private-public partnerships to build and manage rail and road networks and ports, and infrastructure needed to deliver water and electricity.
These are among the key points in a new report from the Institute of Race Relations, Reinforcing South Africa’s growth through infrastructure, the latest in the Blueprint for Growth series.
While the National Development Plan (NDP) of 2012 set a target of reaching 30% gross fixed capital formation by 2030, since 1994 the 20% milestone has been surpassed only once, in 2008, when it peaked at 21.6%.
- Read the full column here: "Private-public partnerships key to infrastructure turnaround – IRR."
